NZ dollar gains vs yen as BOJ reiterates commitment to stimulus, low rates

Mon, 10 Jul 2017

By Rebecca Howard July 10 (BusinessDesk) - The New Zealand dollar rose against a broadly weaker yen after the Bank of Japan affirmed its commitment to its massive stimulus programme, highlighting the contrast to the US Federal Reserve intent on making its third interest rate hike this year. The kiwi traded at 83.04 yen as at 5pm from 82.85 yen late Friday in New York. It was little changed at 72.76 US cents from 73.80 cents in New York. Bank of Japan Governor Haruhiko Kuroda on Monday reiterated in a speech at a quarterly meeting of th...

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